Wake up and smell the coffins!

From the St. Petersburg Times in Florida, we have: Some temptations for wavering buyers.

Here are the latest attempts by builders, in these slow times on the housing front, to persuade nervous buyers to sign a contract now.

If you sell at a loss, we'll make up the difference.

Hannah Bartoletta Homes makes this offer to buyers who resell their homes: If the final selling price is less than the original home price, Hannah Bartoletta will pay the sellers the difference between the two: up to 10 percent of the original price or $100,000, whichever is lower.

The offer is good only for owner-occupants who have lived in the house at least 18 months, and there are some other time limits and restrictions.

I think we can make three safe conclusions from this absurd offer:

Prices are definitely going down, otherwise the builder would not have made this ridiculous offer. Why not just cut the price by 10%? (Because they know that that's not going to make the inventory move.)

The builders think that prices are going down more than 10% in 18 months. That's why you have the 10% guarantee, and 18 month clause. Trying to get the last suckers in.

If Hannah Homes goes bankrupt in less than 18 months, you won't be getting a single fucking penny. It's called counterparty risk, sweethearts!

Go on, suckers! You can be an FB too!